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    The CAC 40 Fails To Make A Significant Change In Price

    The CAC 40 has failed to make any significant price changes today, and is set to close the session with an inside bar. This pattern has been created by using yesterday high and low as a reference. This means, Wednesdays high of 4,331 is currently acting as a value of resistance for the Index. Wednesdays low at 4,266 s also acting as support. With prices failing to breakout from these values today, traders will look to see if tomorrows trading breaks the CAC 40 from its current pattern of consolidation. It should be mentioned that the CAC 40 remains at the bottom of an ongoing daily range. Today marks the 11th trading session without a signifi...
    On May 19, 2016 / By
  • Finance 0

    SP 500 And NDX Futures Daily Charts – Appearance Vs. Reality

    Stock option expiration tomorrow. Just as we had rebounding stocks today, there may be more shenanigans abounding tomorrow. There is no sustainable economic recovery. Have a pleasant evening....
    On May 19, 2016 / By
  • Finance 0

    Armageddon Versus Utopia

    The Stock market and its battle for supremacy. Everything is on the table with this market. Video Length: 00:10:12...
    On May 19, 2016 / By
  • Finance 0

    This Industrials Company Could Surprise Investors

    Photo Credit: John Carrel Deere & Company (DE) Industrials – Machinery | Reports May 20, Before Market Opens Deere & Company is scheduled to report fiscal second quarter earnings tomorrow before the market opens. The company is best known for manufacturing tractors and equipment used in agriculture, construction, and residential sectors. Weak results from competitors such as Caterpillar and AGCO earlier this season sets an unfavorable precedent for DE this Friday. In the past 2 years Deere & Co have seen double digit declines on both the top and bottom line. First quarter earnings featured a 74% decline in earnings with sa...
    On May 19, 2016 / By
  • Finance 0

    EURGBP: Retains Its Downside Pressure Bias

    EURGBP- With the cross selling-off on Wednesday and following through on Thursday, further decline is expected. Resistance resides at the 0.7700 level where a violation if seen will turn risk towards the 0.7740 level. On further upside, the 0.7780 level comes in as the next upside target followed by the 0.7820 level. Support comes in at 0.7600 level. Further down, support lies at the 0.7550 level where a violation will turn focus to the 0.7500 level. A break will expose the 0.7460 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, EURGBP remains vulnerable to the downside....
    On May 19, 2016 / By
  • Finance 0

    If You Listen To Stansberry On Fannie And Freddie, You’ll Lose

    The May issue of Stansberry’s Investment Advisory features a surprising reversal of sentiment from Porter Stansberry, who recommended that investors short Fannie Mae and Freddie Mac back in June 2008. (Excellent call on his part, by the way – I give credit where credit is due.) Now, however, he’s reversed his call and is recommending that investors buy FNMA and FMCC, on the expectation that shareholders will win their ongoing case against the government and the GSEs’ stock will then shoot up as much as 1000%. “This speculation is a bet on the American judicial process,” Stansberry explains. “A win for the plaintiffs will ignit...
    On May 19, 2016 / By
  • Finance 0

    The Amazon Effect: Traditional Retailers Turn To Facebook Inc, Google Inc

    Amazon (AMZN) has shaken up the retail sector and sending more and more retailers running with their proverbial tails between their legs and looking for ways to fight back. But the online retailer is doing more than just growing its business. Apparently it’s indirectly giving Facebook, Google and other online ad platforms a boost as well, thanks to traditional retailers’ attempts to combat it. Hope for traditional retailers Interestingly, as Amazon steals share from traditional brick-and-mortar retailers, it’s also planning to expand its own physical presence with even more stores in more cities. The company must see some value in ...
    On May 19, 2016 / By
  • Finance 0

    Bear Of The Day: Kohl’s Corp

    Retail sales trends have been pretty interesting of late. In addition to online shopping at Amazon, consumers increased their spending at off-price retailers like TJ Maxx and home improvement stores like Home Depot but reduced their spending sharply at department store chains like Macy’s, Kohl’s and JC Penney.  Kohl’s Corp (KSS) reported an 87% plunge in profit for the first quarter,sending shares tumbling after the report. About the Company Headquartered in Menomonee Falls, WI, Kohl’s operates about 1,200 stores across 49 states and an e-commerce site. Their stores are family-focused, selling moderately-priced apparel, footwear and...
    On May 19, 2016 / By
  • Finance 0

    Hikes Data Dependent Says NY Fed: So, Let’s Look At The Data

    Economic Snapshot Yesterday, Fed minutes show that Fed Chair Janet Yellen is on a mission to convince the market that a rate hike is on the table for June. Today, New York Fed president William C. Dudley gave an Economic Press Briefing on the state of the U.S. economy. Let’s take a look at the briefing and the data. Dudley Comments When asked about the trajectory for the monetary policy stance, I always point out that it is data dependent. While market analysts readily have access to economic and financial data, this access is not widely available to everyone. To help fill this information gap, for the past year we have been making availa...
    On May 19, 2016 / By
  • Finance 0

    Dudley Slightly Warming Up To Hikes – USD Slides And Recovers

    Bill Dudley of the New York Fed remains data dependent or doesn’t deviate from dovish and most importantly does not mention June. However, in follow up comments Dudley does say that June is a live meeting, that markets were too pessimistic and he also mentions July more than once.  So, after an initial slide for the USD, the greenback returns to were it was. Dudley did not really join the hawkish camp, but he is certainly warming up – basically opting for middle ground. We will probably have to wait for Yellen and of course, for more data. So, with no follow up to yesterday’s hawkish minutes, the US dollar slides. EUR/USD is bouncing ...
    On May 19, 2016 / By